Following Prudential Investment's lead, several of the nation's largest securities firms are searching for outside channels to sell proprietary funds.Prudential Investments, Merrill Lynch Asset Management, PaineWebber's Mitchell Hutchins Asset...
The SEC has been deluged with letters and calls from investors complaining of delays in transferring accounts.According to SEC records obtained by RR through the Freedom of Information Act, the SEC received 1,739 complaints (both written and...
Chris Jones didn't need much technology in his 12-year career as a bank broker. His job was to serve customers sent by the bank. That changed in 1996 when he jumped--without many clients--from manager of a bank brokerage to a traditional brokerage...
An NASDR arbitration panel in January denied a customer suit filed against an Everen Securities broker and awarded the firm and the rep $36,216 as restitution for what the panel found to be a frivolous claim.The client, a doctor, filed the $5...
This reference guide is based on information supplied by the publishers and distributors of the programs. A listing does not constitute a recommendation by the magazine. The features described are only a partial list of the programs' capabilities...
John Vann heads John Vann Co., an investment advisory firm in Plano, Texas. Vann set up the firm in 1996 after 11 years at Dean Witter. Vann provides both investment management consulting and discretionary portfolio management to an asset base...
Prudential Securities branch managers perked up at an April managers' meeting in Dallas when CEO Hardwick Simmons said the firm could conceivably form a marketing alliance with an online discounter.Simmons "alluded to a possible deal" with a...
Pressure from discounters could be keeping the lid on commission hikes at full-service firms, and pushing some brokers to discount more.According to a Securities Industry Association report, firms' commission rates held steady in 1998 (see chart...
Brokers have been waiting a long time to use some of the basic Internet tools most businesspeople employ every day. The access issue has troubled the industry for the past several years, as firm management struggles with how to control the...
Need a vacation but don't know how to get up and go without packing guilt along with your sunscreen? Don't worry, it's not as difficult as you think. First, recognize the value of time spent away from the office, then develop a plan to make it...